The end of this article reads like Western Marxist cope. It's not as negative or hyperbolic as most western media, however it still uses talking points that misframe China's future. The implication that China might become imperialist to maintain economic growth would only hold true if the Chinese bourgeoisie was becoming increasingly powerful politically. However the article explained previously, almost begrudgingly, that the opposite is clearly happening.
The CPC have the means to seize capital from the bourgeoisie at any point really. Xi and the PSC heavily fined Jack Ma for a speech he gave criticizing financial regulation in the country. They could freeze and seize his assets whenever they wanted.
THAT is what a dictatorship of the proletariat looks like
I really wish they had seized it all. If Billionaires want to go cry and scream that big bad CPC is taking all their monies, while they are literally still billionaires, then the CPC should make it a reality, and just take it all. Fuck these rich crybabies. Time for them to learn was hard work actually is.
Tangents for those lurking:
- https://redsails.org/china-has-billionaires/
- marxism =/ trade unionism, marxism =/ workerism
It's not that difficult to appreciate that in a capitalist country capital holds sway but in a socialist country its sway is eroded; in fact one could measure how "unadvanced" the dictatorship of the proleteriat is by considering how much capital of individuals they are forced to make a public show of seizing it because it may be a threat to their own democracy (yes even China could be considered in the early stages of socialism). Consider the flip-side; would high taxes against the wealthy in a capitalist country make that country socialist? If not, then consider why not? The true measure of socialism before communism, from this perspective, maybe then how that surplus value is used for the proleteriat, and with a dialectical approach how capitalists could be made useful for the proleteriat state.
I wouldn't say that capital in China has no sway whatsoever. I'm sure it does. The potential for counter-revolution, coups, backstabbing, or espionage is never not zero.
But the CPC keeps an excellent handle on it, for the most part.
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